Economic structure in the Territorial North is more likely for private investment in its primary industries and transfer payment for its public sector (Bone, p.422). As a resource frontier, the economy is based on the exploitation of its energy and mineral resources. Typically, the energy and mining are the principal commercial elements of the northern economy. Even if each territory consists numerous rich resources, city growth is very limited. The economic performance in the Territorial North is very limited …show more content…
For example, approximately 15% of the workers are in the primary sector compared to only 2.7% in Ontario. The Territorial North has approximately 83% of its workforce allocated to the service sector, making it the dominant sector (Bone, p.423). It allows similar levels of education, health, and social services to those provinces. However, there are drawbacks that economies of scale are difficult to achieve in small communities. For example, number of educator or health care service provider is less than people who needed, therefore, due to delay, characteristic of emigration is higher than another region in Canada. Necessarily there is a number of social benefits present in small communities, the unemployment rate is low and implement social policies in their hiring practices. Many positive and negative factors influence the Territorial North’s economic and social development. It will be grow more the region in a remote part of the country involves huge capital investments and important region in the